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Haunted country M: Let's say that Pluto is in opposition, what does that mean about the interest rate? For Prof. Leo Leiderman's confession that he consulted an astrologer

The following news was published in YENT today (Friday): The appointed governor of the Bank of Israel, Prof. Leo Leiderman, consulted the astrologer Amos Aharoni frequently. This was published last night (Thursday) on Channel 10. A source told the channel that "the frequency of consultations between Prof. Leiderman and the astrologer was high, sometimes very high." Leiderman said in response to Channel 10: "I previously consulted with Amos Aharoni on personal and family issues, certainly not on professional and financial issues. I don't see any need to expand on this subject, which served me as a hobby at the time."

The bull and the bear that symbolize the different market trends in the financial world are depicted as star constellations in the illustration that tries to illustrate the connection between astrology and the financial world. Illustration: shutterstock
The bull and the bear that symbolize the different market trends in the financial world are depicted as star constellations in the illustration that tries to illustrate the connection between astrology and the financial world. Illustration: shutterstock

Google is wonderful. When I wrote a slightly complex phrase to find skeptical articles, who do not like in the least the fact that bankers consult astrologers, numerologists, cabalists or any other irrational 'advisor'. Strange, but I did not find such an article, but rather articles on astrological websites that predict the behavior of the capital market for the coming years, or proudly tell its story

The following news was published in YENT today (Friday): The appointed governor of the Bank of Israel, Prof. Leo Leiderman, consulted the astrologer Amos Aharoni frequently. This was published last night (Thursday) on Channel 10. A source told the channel that "the frequency of consultations between Prof. Leiderman and the astrologer was high, sometimes very high."
Leiderman said in response to Channel 10: "I previously consulted with Amos Aharoni on personal and family issues, certainly not on professional and financial issues. I don't see any need to expand on this subject, which served me as a hobby at the time."

Hobby or profession, obviously this topic of Consulting decision makers with irrational people is problematic. Even so, even the rational among the world's bank governors fail to stand up to their counterparts in the commercial banks, and are reluctantly dragged into financial crises following all kinds of bubbles, and when they plug a loophole that caused one bubble, their friends surprise them with another bubble, so what can we complain about when they consult with Acetaminophen? In Britain, one of these sites tells us, There are astrologers who make a living by consulting senior bankers.

Another site even tries to link bodies in the solar system with the Federal Reserve Bank, revealing ignorance in scientific definitions. "Although the astronomers gradually demoted Pluto from a planet to a moon (inaccurate, the International Astronomical Union defined in 2006 a new category that would be in the middle between minor planets, i.e. asteroids and the normal planets and decided to call this category - dwarf planets, except for one, Ceres, most of them are behind Neptune's orbit and due to one of them being larger than Pluto, it was decided that Pluto would also be considered a dwarf planet, otherwise it would be necessary to add another planet and perhaps several more planets to the solar system, but since when are astrologers accurate in astronomy?).

In a course of error upon error, the writer goes on to argue that since astrology studies the effects of planetary cycles and angles, it does not matter whether Pluto is a planet or a moon. Earth's Moon has a significant influence on us here on Earth and therefore Pluto too. The only difference is that the Moon is the closest and fastest moving celestial body while Pluto is the farthest and slowest. It is only a few degrees from the line of sight of Sagittarius, the center of the Milky Way and within a region of A contrast to where it was when Congress established the Federal Reserve in December 1913. Congress actually put the issue of money in the hands of private bankers - members of the Fed.

In February 2006, the same genius - Robert Gober - told that the Governor of the Federal Bank who had just entered his post, Ben Bernanke, was ruled by a T-square formed by Mars, Jupiter and Neptune and in opposition in Aquarius with the Sun, Mercury and Neptune. He also notes that the Moon rules the American people and Neptune rules oil. Another article of his is entitled "Saturn-Neptune and the American Monetary System".

You understand the principle, the bankers hold our money, and instead of paying economic and financial advisors to help them keep it, they spend it on astrologers and paid the astrologers' fees, but did anyone sign them to an undertaking that if their advice is not correct and causes damage, they will also be willing to pay it ?

And those who know the site know that astrology is an ancient wisdom, which is based on several basic assumptions, none of which have been scientifically proven today: that the earth is at the center of the universe and everything revolves around it, that the stars are in a kind of two-dimensional layer that forms the background, and on the way to them are seven planets each In his own count - the sun, the moon, the planet Mercury, Venus, Mars, Jupiter and Saturn; And most importantly - everything that happens in the sky (and in particular the position of the sun against the background of the stars) determines the fate of a person. Of course this is a simplistic definition and I have already explained once why there are at least eight clauses and if one of them is incorrect, All astrology falls.

If the basis has not been true for 400 years, and if the connection between the stars and events on Earth does not stand up to any scientific test, then why do people who are supposed to be rational believe this nonsense, do you have to be a professor of astronomy and astrophysics to reject astrology? What is wrong with the training of economics professors that prevents them from realizing that the astrological explanations do not convince first graders?
And in addition, even if Prof. Leiderman consulted the astrologer in his private affairs, the very fact that he consulted shows that he did not assimilate the rationality necessary to deal with finances. Why don't we deserve to say that we are not at least caught on suspicion of 'carrying' and also rational and we have to choose between the two?

Haunted country Monday, April 10, 2004: The politicians go to the Acetganines
Why astrology is not a science

post Scriptum. During the writing of this article Prof. Leiderman announced the withdrawal of his candidacy for personal reasons and after consulting with his family members.

16 תגובות

  1. And if we say, he was going to receive a blessing from an accepted Rabbi, like dozens of members of the Knesset, businessmen and leading members of society...was that okay?
    And what is the difference between an astrologer and a Rabbi?

  2. To be fair!
    In order to correctly assess the skills of Prof. Leo Leiderman, it is correct to gather and examine the set of economic decisions that he was involved in, and led in them. I personally have no idea about his abilities.

  3. Lashmulik: There are areas in the economy where the ability to predict the future is zero. Foreign exchange as a main example, but stock markets and certainly commodity markets (goods). On the other hand, there is reasonable predictability in the bond markets, because at the end of the day, math rules there, through the yield to maturity curves and the dramatic effect that central banks have in their interest rate decisions on this market. Without going into depth, it is only said that the pricing of bonds is based on the period to maturity, the nominal interest rate, the repayment dates of the principal (in installments or at the end of the period), the yield to maturity, the risk premium, linkages if any. All these parameters enter into a formula that all players in the bond market agree with and act according to. Although the formula itself is not linear, its implications are well understood.
    In the stock market: investment managers and analysts (good and professional and not snot-nosed!) are important because they know how to analyze the capabilities of the companies and their future potential, therefore when given 100 stocks, they will be able to reasonably analyze the best companies among them and the investment in them will yield a higher return in the long term (Za, over months and years but not over days and weeks) than the return that all 100 will produce on average.

  4. Two comments.
    One, it is better that the governor-designate will not be appointed because of his love for astrology and not because of sexual harassment. The logic is that sexual harassment harms a small number of citizens (probably female citizens) and his sympathy for astrology could harm the entire Israeli public
    two. See an article in Haaretz newspaper on prophecies about the collapse of civilization due to excessive complexity. Apparently even economists see and do not understand the excessive complexity of the existing systems and are forced to guess, turn to astrologers, or just talk nonsense.

  5. The titles, positions, and experience do not usually affect the habits that a person acquired in childhood, if he is used to every question having an absolute answer and every situation has a cause and a known cause, it will be natural for him to believe in mysticism in superstitions, in what provides him with answers and solutions, and this is certainly not in the world of science, With endless questions and situations that do not have clear and absolute answers and everything that is known and accepted is always open to reservations and changes.. To accept the way of science can the ordinary live with open questions with lack of clarity with the randomness in every subject.

  6. Anyone who consults with astrologers (also on private family issues) should by law be prevented, educated, from working in investment consulting, from serving in the security forces, from holding a state administrative position, from engaging in issues that require rational, scientific, legal consideration,.... The short... who would sit at home and work in idolatry.

  7. red red,
    I'm interested in your opinion (because of your many years of familiarity with the field) on the article by Daniel Kahneman, winner of the Nobel Prize on investment managers?
    http://www.calcalist.co.il/money/articles/0,7340,L-3558665,00.html

    This article and many others (such as Nissim Taleb's book "Black Swan") lead me to the conclusion that economists and astrologers have a lot in common: extensive jargon, long-standing tradition and predictive ability that is no better than that of random software.

  8. The simple fact is that despite (or perhaps because of) the advancement of technology,
    There is more learning (training) and less education, and it has already been said that:
    "It's amazing how much ignorance is collected in education under the heading of facts"
    And the result is that the percentage of ignorance and stupidity climbs and the expression
    This can be illustrated by the fact / saying that: "Programming is a race
    Among programmers who strive to build fool-proof software,
    And the world that produces fools in the meantime, the world wins."
    So what's the wonder that "your people" turn to religions and "officials" engage in nonsense.

  9. Another point: the very fact that someone thought it was problematic and passed on to the Turkle Committee the information that Leiderman consults with astrologers and there were some in the committee who raised an eyebrow, indicates that there are still quite a few rational people left in the important places. I agree with the first commenter here (Aria) that it could be expected that the spread of the Internet would affect the masses for the better in regards to scientific understanding and rationality and it seems as if the opposite is happening. Science will win, but the fight will be much harder than we thought.

  10. I belong to the top economic circle in the country. I have master's and master's degrees in business administration and a bachelor's degree in economics, manage dozens of senior economists and analysts under me and have been working in the fields of economic and financial consulting for about 30 years.
    In the past I even worked for a long time at the Bank of Israel. At first I was happy about Leiderman's appointment, but when I heard that he was consulting an astrologer I was no less than shocked. I didn't know whether to laugh or cry. I know dozens of economics professors and as far as I know none of them believe in horoscopes. But I don't know their private lives so anything can be... I really hope that Leiderman is the exception that proves the rule.

  11. Greetings,
    Towards the end of the previous millennium I had the feeling that here was coming the age of science for the masses.
    The internet has become common and seemingly - anyone can get an answer to anything today.
    In addition, the technology (based on science of course) has been proving itself for two hundred years.
    Life expectancy increased during this period by about 50%! (of course thanks to medical science).
    What else needs to happen for the masses to understand that science is the right way?
    And here, the exact opposite is happening... the world is becoming more and more fundamentalist and this is true in most major religions.
    Suffice it to mention the murky wave of extremism that is sweeping through Islamic countries and the fact that close to 50% of US residents (!) believe in creationism and not in Darwin's theory which has already been proven in countless experiments and observations.
    And here too, the extreme religious current is increasing and the bookshelves during Book Week are kneeling under the cartology books.
    I have no explanation for the phenomenon and one can only regret it and hope that one day the wheel will turn.
    Best regards,
    lion.

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